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Previous Intraday Trading Session: [ 8/19/2013 ]

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TIMEALERTS 
22:23Trades Today: -1.5 +0.5 -2 +0.5 +0.5 = -2.00


 
15:33Sorry, I got called away. Typically, if we are within .25 of the entry price, you should take the trade unless I specify to wait.
If you had taken 1647.75, you would have gotten you 2 points, and finished the day in the green.

 
15:32Trade #7 -- Cancel

 
15:24Trade #7 -- Sell 1648

 
15:17ANOTHER signal of a move to the upside. I''ll bet you this one fails too.

 
15:16Looking at 1648 now

 
15:13May short again at 1647

 
15:12If the bear flag plays out we should see 1638

 
15:11It has broken the final support for the day.

 
15:10What a frustrating market!

 
15:09Trade #6 -- Out 1646 [+1]

 
15:08Trade #6 -- Lower Stop to 1648

 
15:06Trade #6 -- Take 1646 if you can

 
15:03The 10-minute flag is starting to work out. A few moves back up to the bottom line of the flag, then back down again.

 
14:50The market has shown signs of going higher all day, but it keeps failing to move up.

 
14:34Trade #6 -- In at 1647

 
14:33Trade #6 -- Sell

 
14:3110-Minute chart has formed a bear flag.

 
14:10Trade #5 -- Out 1649.5 [+0.5] -- CORRECTION

 
14:09This could drop like a rock. Staying aside.

 
14:09Trade #5 -- Out 1649.5

 
14:08I see something not good. Exit Trade #5

 
14:05Trade #5 -- Buy 1649

 
14:05Will add if we bounce of 1648.

 
14:04Good opportunity to go long.

 
14:03IWM Pennant breakout and reversal around the Apex. --> http://screencast.com/t/FiRt8adz

 
14:01The 10:20 reversal --> http://screencast.com/t/UTle5Vcrdv

 
13:08We are at the Apex.

 
13:04IWM pennant broke-out to the downside, but is now approaching the apex which is often a reversal zone. Watching closely.

 
13:02Trade #3 -- Stopped out at 1651 [-2]

 
13:00Lunch time is over. Let''s hope people are more bullish on a full stomach.

 
12:48Trade #3 -- Raise Stop to 1651

 
12:46Trade #4 -- Out at 1652.5 [+0.5]

 
12:34The IWM 5-minute Pennant reaches its apex in about 30 minutes. A break-out can be expect any time now.

 
12:28Trade #4 -- Exit at 1652.5

 
12:27Trade #3 & #4 -- Stop 1650 (risky)

 
12:26This is not looking good.

 
12:20Trade #3 & #4 -- Stop 1651 -- Limit 1654

 
12:18Trade #3 & #4 -- Stop 1651

 
12:17Trade #4 -- In at 1652

 
12:15Trade #4 -- Buy 1652 (waiting for it) (doubling down)

 
12:03Next fib support is at 1650.75

 
12:01The 10:20 reversal turned out to be a perfect 'W' reversal.

 
12:001651.75 has fib support

 
11:57May double down

 
11:52Trade #3 -- Lower Stop to 1650

 
11:51Large Pennant has formed on the IWM 5-minute chart.

 
11:35Trade #3 -- Buy 1653

 
11:34We got 1652.
Bounce higher is looking likely.

 
10:40The 10:20 reversal was closer to the current low than it was to the previous high. I think we go higher.

 
10:33Trade #2 -- Stopped out at 1654.5 [+0.5]

 
10:33Trade #2 -- Take 1653 if we get back there.

 
10:32Trade #2 -- Lower Stop to 1654.5 (+0.5)

 
10:26Trade #2 -- Lower Stop to 1655 (breakeven)

 
10:13I am looking for 1652 or 1650

 
10:12IWM, SPY, OEX 5-minute charts suggesting a move down.

 
10:10Trade #2 -- Sell 1655

 
10:02Watch for reversal at 10:20

 
10:00Trade #1 -- Stopped out 1655 [-1.5]

 
09:58Poking through pivot

 
09:57Trade #1 -- Stop 1655

 
09:55Trade #1 -- Sell 1653.5

 
09:54Could reverse here.

 
09:28I think it spikes at the open.

 
 
 
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